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With mortgage rates hovering around 4.00%, it is a great time to buy a home. These rates are the lowest mortgage rates that this country has seen in over 30 years. The inevitable rise in rates will happen sooner than most people think and it will cause a change in the real estate market. Buyers will be much more prominent and willing to buy with just the hint of rates rising. With the possibility looming, we could be looking at a large increase in buyers once the rates raise back up to 5%.

The rising of rates is a great opportunity for sellers. Bidding wars will be more prominent with more buyers on the market looking to purchase a home quickly in order to take advantage of the low rates while they last. Currently, the sellers are already at an advantage due to the fact that there is a lack of inventory on the market. However, property values are lower than they may want to be willing to sell at so they are waiting for the property values to increase. The current market is in a stand still due to this situation, but the increase in mortgage rates will quickly change the market. History shows that the increase in rates will increase the amount of buyers in the market, the increase in buyers will increase the demand in the market and result in an increase in property value, the increase in property value will increase the amount of sellers willing to sell, and it will all result in much more activity in the real estate market.

So prospective buyers, now is the right time to buy! If you wait too long, rates will rise and so will the property values. Sellers, you are in good shape either way. Right now the inventory is low so selling your property will be a faster process than usual but an increase in mortgage rates could increase the value of your property. Call Marie Gentile today to take advantage of the market!

It’s simple. If you do not have a home inspection performed on a house you are purchasing, then you will be stuck with any costs that may arise once you have officially purchased your new home. To the untrained eye it may appear that a home is in good shape and wil not need any repairs however, there could be thousands of dollars in costly repairs hidden in the walls. The following are just a few areas a home inspector will professionally examine to ensure there are no major flaws in the home.

Pests

Home Inspectors don’t slack during this portion of the home inspection. An unknown colony of termites in the crawl space of the home could be devestating if the owner wasn’t aware of it. Termites eating away at the foundation beams of your home is not only going to result in costly repairs, but also causes dangerous faults in the foundation.

Plumbing

While walking through a home you may look for water stains to try and identify any plumbing issues. If you don’t see stains then there isn’t a problem, right? WRONG. There are hundreds of different significant plumbing errors that that don’t result in leaks.

Electrical

Defective electrical wiring is arguably the most dangerous fault a home could have. It is an extreme fire hazard and also very difficult to recognize with an untrained eye. A home inspector has professional tools that can analyze the elctrical wiring in the house to ensure that everything is up to code.

There are countless horror stories of what home inspectors have found during their inspections. The amount of money a simple inspection can save you in the future is astronomical in comparison to the cost of a home inspector. Don’t skip this process when purchasing a home.

Amazing musicians grew up in New Jersey like Frank Sinatra, Whitney Houston, Jon Bon Jovi, Bruce Springsteen, and more! In fact, Bruce himself got his start in Monmouth County and has performed at a venue in the county more times than any other venue in his career. Find out which venue seems to be a favorite of Bruce’s and many other entertainment venues that will be easy accessible to you and your family after you purchase a home in Monmouth County.

PNC Bank Arts Center

PNC Bank Arts Center is arguably one of the most popular venues in the Garden State. Its large amphitheater setting brings in big time musical performers from across all genres. Check out their upcoming schedule to see for yourself.

Count Basie Theater

Count Basie offers a range of comedic and theatrical acts along with musical performances. Popular Broadway plays are portrayed on stage, hysterical comedians stop by very often, and there are some great musical performances in the theater as well. Take a look at the upcoming schedule to see what’s in store.

Stone Pony

If you are a fan of small music venues that bring in universally known bands, then the Stone Pony might become your favorite venue. Not only has Bruce Springsteen himself performed there more than he has at any other venue, it also continues to host great acts throughout the year. Most notably, in the summer when they open up the summer stage. You will probably recognize a few names on the Stone Pony’s upcoming schedule.

Two River Theater

Two River Theater is the perfect place for the play fanatic. The theater will have performances of old classics, new shows, or even a unique idea that may be presented to them. You can see the upcoming schedule for yourself in order to get a better idea of what the Theater has to offer.

Whether you are a music lover, comedy fan, stage play aficionado, or all of the above - you will enjoy the great entertainment venues Monmouth County has to offer.